Reply to Parents/in-laws paying estate tax to avoid giving while alive

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I thought we wanted the rich to pay their fair share. What do you want OP? For the rich to not pay up? Are you that greedy?[/quote]

The rich pay plenty. Leaving that aside, estate taxes are absurd because it’s money that was already taxed. People should be able to do what they want with it, tax free. [/quote]

+1000

Someone called it a "transfer tax" and all money is taxed when it's transferred.  I think that's ridiculous.  We earned the money and paid massive taxes on it, why should it be taxed justbecause we give it to our kids or grandkids.

Smart people do find legal ways with trusts and gifting while still alive to avoid estate taxes. 
[/quote]

Sick of this dumb argument.  When you die, you’re not paying taxes on it.  You’re dead.  Your children are paying taxes on their new income, as they should.[/quote]

Except there are tons is legal ways to circumvent paying any tax on your estate, which smart people avail themselves of. Don’t hate the player hate the game. [/quote]

The fact that people can and do circumvent the policy does not mean that the policy is wrong.  Obviously.[/quote]

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